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Alibaba beats revenue forecast, shares slide amid regulatory challenges
(Reuters) - China's Alibaba Group Holding Ltd beat estimates for third-quarter revenue on a pandemic-driven jump in e-commerce, but its shares dropped amid regulatory heat for founder Jack Ma's business empire.
BP profit sinks as epidemic pummels demand
LONDON: BP's fourth-quarter profit sank to $115 million, missing analysts' forecasts, pummelled by continued weak energy demand due to the coronavirus epidemic and weak trading results.
Siemens Healthineers quarterly revenues rise 13.3 pct
BERLIN, Feb. 1 (Xinhua) -- Revenues of German health technology company Siemens Healthineers increased by 13.3 percent to 3.87 billion euros (4.7 billion U.S. dollars) in the first quarter (Q1) of its fiscal year 2021, the company said on Monday.
Tesla Q4 results disappoint Wall Street
Firm fails to give clear target for 2021 vehicle deliveries
Facebook scores earnings beat on holiday retail advertising; Apple privacy changes loom
(Reuters) - Facebook Inc soundly beat quarterly revenue estimates on Wednesday after heavy holiday advertising by e-commerce retailers, but it warned Apple's impending privacy changes could hurt revenue by interfering with ad targeting.
Tesla underwhelms Wall St with hazy 2021 delivery outlook, profit miss
(Reuters) - Tesla Inc's fourth-quarter profit fell short of Wall Street expectations on Wednesday and the company failed to provide a clear target for 2021 vehicle deliveries, sending shares down 5% in extended trade.
UBS’s CEO boosts buyback plans after wealth management surges
ZURICH: UBS Group AG will bolster shareholder returns with plans to buy back four billion francs (US$4.5bil) of shares over the next three years after rising fee income and investment bank revenue propelled gains at the world’s largest wealth manager.
Tencent shares drop after nearing US$1 trillion valuation
HONG KONG: Tencent Holdings Ltd. fell Tuesday, after a world-beating surge in the stock pushed its market value to the cusp of $1 trillion for the first time.
Uncertain near-term outlook for IGB REIT
KUALA LUMPUR: Kenanga Research said the near-term outlook on IGB REIT remains uncertain given the resurgence of Covid-19 cases despite FY20 outperforming expectations.
Billionaire Birla’s UltraTech doubles profit
MUMBAI: UltraTech Cement Ltd doubled profit in the three months ended Dec 31 on sustained demand for housing, the company said in a statement.
